Harvard Law School Forum on Corporate Governance and Law360 Publish Article Based on Olshan Activist Client Alert

Firm News

Harvard Law School Forum on Corporate Governance and Law360 (subscription required) published an article based on a recent client alert by Olshan’s Shareholder Activism Practice. Authored by partners Steve Wolosky, Andrew Freedman, Adrienne Ward and Ron Berenblat, the article discusses an amendment advocated by certain factions within the Delaware State Bar Association to Section 110 of the Delaware General Corporation Law that would allow Delaware corporations to postpone their annual meetings of stockholders in light of the COVID-19 pandemic. In a previous client alert, the authors expressed serious concerns that the proposed amendment could be abused by corporations looking to postpone their annual meetings and disenfranchise stockholders under the pretense that such a delay is required due to COVID-19. On April 6, Delaware Governor John Carney issued the tenth modification to his State of Emergency Declaration relating to COVID-19 intended to reduce the number of in-person stockholder meetings held by Delaware corporations in order to protect the health and safety of the civilian population in light of the pandemic. In the Law360 article, the authors express their view that the Governor's order is sufficient to allow corporations to address COVID-19 related logistical challenges they may be facing with respect to their meetings and there is no need for state legislators to rush to adopt a statutory amendment that could threaten stockholder rights.

Media Contact

Marketing Contact
Mizi Mehaj
Marketing & Administrative Manager
mmehaj@olshanlaw.com
212.451.2319


Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.